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Displaying results 1 - 10 of 100 items found.

1. Overdraft Fee Quiz

(Web Page; Fri Aug 27 14:54:00 CDT 2010)

How Much Do You Know About Overdraft Fees?

2. Overdraft Fees and Opting In Survey

(Web Page; Wed Aug 18 11:33:00 CDT 2010)

The Federal Reserve Board is considering implementing a new rule that would require financial institutions to get explicit permission before enrolling their account holders in an overdraft system that automatically approves debit card an...

3. Overdraft Fees at Banks, Are They Excessive?

(Web Page; Mon Aug 30 09:15:00 CDT 2010)

The Consumer Federation of America (CFA) reports that its latest analysis of overdraft charges at the 16 biggest U.S. banks does not bode well for account holders. According to the group, financial institutions are introducing new fees a...

4. Study: Overdraft Fees Climbed at Banks

(Web Page; Mon Aug 30 12:42:00 CDT 2010)

In a study released this month, the Center for Responsible Lending (CRL) calculates that overdraft revenue at U.S. banks and credit unions ramped up more than 35 percent from 2006 to $23.7 billion last year. The financial institutions le...

5. Opting In to Overdraft for Fee Income, Customers

(Web Page; Mon Aug 30 08:45:00 CDT 2010)

Many smaller banks say they plan to continue offering overdraft protection programs because demand is strong and the fee income is essential to staying in business. However, consultants say community banks that reduce fees and embrace th...

6. OVERDRAFT FEES NOW $17.5 BILLION/YEAR

(Web Page; Fri Aug 20 11:15:00 CDT 2010)

U.S. banks and credit unions are using abusive overdraft loans to generate $17.5 billion in fees each year, according to a major new study, entitled "Out of Balance," from the nonprofit Center for Responsible Lending (CRL). The study fi...

7. Overdraft Fees Have Increased 35% In Two Years

(Web Page; Wed Aug 18 10:36:00 CDT 2010)

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8. Limits on Overdraft Fees Won't Cripple Banks, Research Says

(Web Page; Thu Aug 26 13:15:00 CDT 2010)

A new report from consulting firm Bretton Woods says new regulations from the Federal Reserve that restrict banks' ability to charge overdraft fees -- which will be implemented in July -- likely will not put a damper on the industry's pr...

9. Fine-Tuning the New Overdraft Fee Law

(Web Page; Thu Jun 03 14:57:00 CDT 2010)

A new law regarding overdraft fees takes effect on July 1, and the Federal Reserve has issued some clarifications regarding the rules. The legislation requires banks to provide an opt-in provision for customers who want overdraft protect...

10. Overdraft Fees Exploding, Up 35 % in Two Years

(Web Page; Fri Aug 20 11:14:00 CDT 2010)

Banks and credit unions collected nearly $24 billion in overdraft fees last year, an increase of 35 percent from just two years earlier, a new study by the Center for Responsible lending shows. The explosion in overdraft charges has drai...